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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Bankruptcy & Debt
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
2. AboutExperienced Michigan Lawyer
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Kenneth D. Bilodeau

Landlord-Tenant, Estate Planning, Family Law, Credit & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

444 W University Dr, Rochester, MI 48307

David E. Schwartz

Litigation, Estate Planning, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

1301 W Long Lake Rd, Troy, MI 48098

Betsy Anne Roehl

Landlord-Tenant, Credit & Debt, Divorce, Federal Appellate Practice

Status: In Good Standing Licensed: 13 Years

CONTACT

888 W Big Beaver Rd, Troy, MI 48084

Thomas L. Beadle

Landlord-Tenant, Federal Appellate Practice, Family Law, Credit & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

445 S Livernois Rd, Rochester, MI 48307

Julie M. Skidmore

Credit & Debt, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing

CONTACT

755 W Big Beaver Rd, Troy, MI 48084

Alaina M. Zanke-Jodway

Family Law, Civil Rights, Insurance, Credit & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

Rochester, MI 48308

Ian Redmond

Foreclosure, Litigation, Business, Credit & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

3155 W Big Beaver Rd, Troy, MI 48084

Larry E. Powe

Business, Corporate Governance, Estate, Credit & Debt

Status: In Good Standing Licensed: 51 Years

CONTACT

3290 W Big Beaver Rd, Troy, MI 48084

Michael Ericksen

Immigration, Government, Credit & Debt

Status: In Good Standing Licensed: 37 Years

CONTACT

1515 Genesee Dr, Royal Oak, MI 48073

Paul J. Nicoletti

Construction, Contract, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

33717 Woodward Ave, Birmingham, MI 48009

800-923-0641

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

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Harsens Island Credit & Debt Lawyer, Michigan, page 5

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Kenneth D. Bilodeau

David E. Schwartz

Betsy Anne Roehl

Thomas L. Beadle

Julie M. Skidmore

Alaina M. Zanke-Jodway

Ian Redmond

Larry E. Powe

Michael Ericksen

Paul J. Nicoletti

TIPS

LEGAL TERMS

LIMITED PARTNERSHIP

GRACE PERIOD

LOSS DAMAGE WAIVER (LDW)

UNSECURED DEBT

COSIGNER

NUISANCE FEES

LIEN

SECURED DEBT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

SAMPLE LEGAL CASES

New Freedom Mtg. Corp. v. Globe Mtg. Corp.

Barth v. FIRST CONSUMER CREDIT, INC.

CHARTER ONE BANK NA v. JP Morgan Chase Bank, NA

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